After spot market clouse the Euro gave a 35 reaction off the area posted on Friday, but I would expect a little more down.
The Cable is also in a very distinctive area, defined clearly by basic KT tools.

See, this is why I pretty much never post during the RTH. I always get caught up and post like crazy. I want to post everything I see. Live voice chat is like the only way I could really do it, and that's not something I want to do.

Okay, they liked the test of that line, and we are off to the races for the next area. This is fun. I suspect the area won't hold and we are likely headed for a big move. We'll see, though.

The area starts to come in here at say 31.50, with 32 having a lot, so anywhere now is the second area.

We be dere, Mon.

Pop goes the weasel?

Drop goes the weasel?

HOD at 1.1224. I would like to see a correction to 1.1165 now.

Wow!. You're in a frenzy mode today, Jim.

Looking at the price action in the Euro, all those overlapping swings and line to line moves, I think it's clearing the market before a downtrend reversal. Esecially knowing that it's on a nice spot, coming from daily fime frame.
But no long term positioning so far. Only line to line games.

I think what you describe here is key to my approach to the ES, being able to differentiate, on a given timeframe, line to line from trending price action, and then using the appropriate approach/technique(s) for that action.

Originally posted by MarcinO

Looking at the price action in the Euro, all those overlapping swings and line to line moves, I think it's clearing the market before a downtrend reversal. Esecially knowing that it's on a nice spot, coming from daily fime frame.
But no long term positioning so far. Only line to line games.

What more could you wish for? A return of roofer would round it out nicely. Anyway, it is far better to have three focused traders than a chat room full of noise. This week was another killer week, can't wait for next week ;)

Originally posted by jimkane

What a triumvirate we have in here. In a Jamaican accent (imitating the guy in the movie Cool Runnings) -

We got de:

One Jim, shakin' it down on the ES intraday

We got de one Rat, killin' the stocks and ETF's

And last but not least we got de one Marcin, dominating the Euro for all to see.


All discussed in advance, pretty much day in and day out. Yeah, this ain't the coolest forum ever.